Japan poised to decommission damaged nuclear power plant (2)

08:52, April 01, 2011      

Email | Print | Subscribe | Comments | Forum 

Due to the nuclear accident, which was not expected to end anytime soon, TEPCO, Japan's largest utility firm, faces a reduced power generation capability, huge compensation liabilities, and thus a gloomy future. Nationalization has been tabled as an option.

Citing "significant financial obligations," rating agency Moody's on Thursday downgraded TEPCO by three notches.

Meanwhile, flanked by visiting French President Nicolas Sarkozy, the Japanese prime minister said Thursday that nuclear power is at the top of the agenda of the May summit of the Group of Eight industrialized economies.

Sarkozy, for his part, said that the summit will release a communique on nuclear issues, while adding that atomic power will remain a viable source of energy as the world needs it to cut carbon dioxide emissions.

【1】 【2】 【3】 【4】

  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • China eyes stronger coordination with Germany in settling global hot issues
  • Japan poised to decommission damaged nuclear power plant
  • China's 3rd batch of relief goods arrives in Japan
  • China sends third batch of humanitarian aid to Japan
  • Libyan rebels fight for control of oil town
  • Seoul Int'l Auto Show 2011 to kick off
Most Popular
Hot Forum Dicussion